PETALING JAYA: Apart from being an economic strategy, supporting small and medium-sized enterprises (SME) is a crucial move that benefits the country, said Universiti Teknologi Mara senior economics lecturer Dr Mohamad Idham Md Razak. “With SME contributing a substantial 38.2% to the gross domestic product (GDP) in 2021, their sustained growth becomes integral to overall economic expansion. … Source link
Read More »Ministry to help MSMEs list on Bursa Malaysia
SME Corp-registered micro, small and medium enterprises (MSMEs) aiming to list on Bursa Malaysia in 2024 can receive support from the Entrepreneur Development and Cooperatives Ministry (Kuskop). Its minister Datuk Ewon Benedick said the assistance would ease the burden of MSMEs, especially in terms of the… Source link
Read More »Continuing to speak up for SMEs
THE outlook for small and medium enterprises (SME) next year will depend on the outcome of the ongoing conflicts of Ukraine-Russia and others in the world. According to Small and Medium Enterprises Association of Malaysia (Samenta) national president Datuk William Ng, the outlook for SMEs would be better if the… Source link
Read More »Baku hosts 2023 SME World Forum
Baku is hosting the 2023 SME World Forum supported by the Ministry of Economy, the Small and Medium Business Development Agency and the International Council for Small Business, News.Az reports. Government officials, businessmen, representatives of international organizations are participating at the event. The forum features panel discussions on policies affecting small business and… Source link
Read More »Malaysia’s construction sector hits remarkable growth this year: Nanta
KUALA LUMPUR: Malaysia’s construction sector has recorded remarkable growth this year with an impressive 9,144 projects taking flight as of September, said Works Minister Datuk Seri Alexander Nanta Linggi. He said those endeavours represent substantial investments of RM63 billion dedicated to private initiatives and RM84 billion for government projects. According to Nanta, about 91 per… Source link
Read More »CIMB Niaga on a stronger foundation but faces a tougher road ahead
This article first appeared in The Edge Malaysia Weekly on November 6, 2023 – November 12, 2023 IT has been a long journey of change and transformation for PT Bank CIMB Niaga Tbk, the 92.5%-owned subsidiary of Malaysia’s CIMB Group Holdings Bhd. Weighed down by asset quality issues previously, particularly in its corporate loan book, the sixth largest bank by assets in Indonesia has made… Source link
Read More »Which Jobs Earn The Highest Salaries In Malaysia?
high salaries jobs Despite the best money-saving practices, sometimes the most practical way to keep up with the costs of living is to increase your income. For some Malaysians, that could mean creating a side income stream. For those of us who can’t expend that sort of time or energy, it could mean having to rely on a high-paying job. But as we grapple with the current global economic… Source link
Read More »September Apparel and Textile Imports Down 4.5% – Yahoo
Apparel and textile imports to the U.S. declined 4.5 percent, or 8.4 billion square meters equivalent (SME) in September of this year versus 8.8 billion SME a year earlier, according to the Office of Textiles and Apparel of the U.S. Department of Commerce[1] (OTEXA). Those numbers were a marked difference from the first nine months of 2023 compared with the first nine months of 2022, where the… Source link
Read More »SME Corp, Funding Societies launch bumiputera MSME financing scheme
PETALING JAYA: SME Corporation Malaysia, an agency under the Ministry of Entrepreneur and Cooperatives Development, and Funding Societies, the largest unified SME digital finance platform in Malaysia and Southeast Asia, have allocated an initial fund of RM6 million for bumiputera youth entrepreneurs under the newly launched Bumiputera MSMEs Financing Initiative (BMFI). This new funding… Source link
Read More »Malaysia’s SME Corp allocates $1.27M to Bumiputera youth entrepreneurs
SME Corporation Malaysia (SME Corp. Malaysia), an agency under the Ministry of Entrepreneur and Cooperatives Development (MECD) and Funding Societies, a unified SME digital finance platform in Malaysia and Southeast Asia, have allocated an initial fund of MYR 6 million ($1.27 milion) for Bumiputera youth entrepreneurs. Funding Societies said in a statement on Tuesday that the funding… Source link
Read More »